For The Years Ended 2004 And 2003 (in millions) Pear, Inc. Grape, Inc. As of As

Question

For The Years Ended 2004 And 2003 (in millions) Pear, Inc. Grape, Inc. As of As of Common-size % Dec. 31 2003 Dec. Dec. 31 2004 Dec. 31 2003 Dec. 31 2003 31 Dec. 31 Dec. 31 Dec. 31 2004 2003 2004 2004 Total assets $6,302.7 $5,171.4 100.0% 100.0% | $8,166.0 $4,084.0 100.0% 100.0% Total liabilities $2,919.4 3,145.0 6$4,492.0 1,430.0 Total owners equity 3,383.3 2,026.4 96 3,6740 2,6540 Total lia. And owners' equity $6,302.7 $5,171.4 100.0% 100.0% | $8,166.0 $4,084.0 100.0% 100.0% COMPARATIVE COMMON-SIZE INCOME STATEMENTS For The Years Ended 2004 And 2003 (in millions) Pear, Inc Grape, Inc. Years Ended Years Ended Dec. 31 Dec. 31 Dec. 31 Dec. 31 2003 Dec. 31 2004 Dec. 31 2003 Dec. 31 2004 Dec. 31 2003 2004 2003 2004 Total revenues $9,188.8 100.0% 100.0% |$10,866.0 100.0% $7,191.0 10,050.0 6.729.0 s 816.0 462.0 100.0% $7,977.0 9,125.0 7,890.4 86.6 Total expenses Net income S 63.8 96 6

Explanation / Answer

Return on Assets is calculated by dividing net income of a year from average assets

Here, Average assets = (6302.70 + 5171.40 )/2 = 5737.05

Net Income = 63.80

Thus ROA = 1.112%

This is not an option so answer would be None of the above

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